Dow Industrials

Looks like the reversal is on. Although I am hoping for a trend change at multiple cycle degrees (which I'll re-chart at the weekend), these cascades have to start somewhere and the smallest cycle length I am using is 3 days, which I monitor using using the multiple moving average band, I call 'My Wave' given the underlying calcs are my own. The displaced moving averages (FLD s) use slightly more price responsive MAs but with the same bar counts as the waves. First up is the 3day FLD, slightly below price now. If that goes, the ladder makes 6 days the target and that sits right along side the 12.5day FLD. If that goes, then we look to the 25 day and so on and so forth. For tonight, I'll just see how the first 3 go and then I'll show the bigger cycle charts tomorrow. I have set my 'spike' target at 14500 just in case something crazy happens but for now, still need to see the 3 day MyWave roll over to the downside and start printing lower highs.